Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria - 2022
Contents:
- Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria (CIF) - 2022
- Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria (FOB) - 2022
- Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria
- Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria
Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria (CIF) - 2022
The average import price for non-electric iron or steel central heating radiators other than of cast iron stood at $8.4 per unit in 2022, jumping by 236% against the previous year. Over the period under review, the import price posted a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($34 per unit), while the price for South Africa ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria (FOB) - 2022
In 2022, the average export price for non-electric iron or steel central heating radiators other than of cast iron amounted to $3 per unit, with an increase of 100% against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2020 an increase of 149% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +56.3% per year.
Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria
In 2022, purchases abroad of non-electric iron or steel central heating radiators other than of cast iron was finally on the rise to reach 28K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic slump. Imports peaked at 107K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron skyrocketed to $238K in 2022. Overall, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.3 | N/A | N/A | 131 | 658.7% |
| Turkey | 9.5 | 145 | N/A | 51.6 | 75.8% |
| United Arab Emirates | N/A | N/A | 0.1 | 37.2 | 37100.0% |
| South Africa | N/A | N/A | N/A | 6.3 | 0% |
| Germany | N/A | 6.1 | 9.5 | 1.8 | -45.7% |
| China | 45.9 | 19.2 | N/A | 1.7 | -66.7% |
| India | 42.8 | 1.8 | 6.6 | 0.6 | -75.9% |
| United States | 58.2 | 23.9 | N/A | N/A | -58.9% |
| Others | 24.0 | 13.5 | 8.2 | 8.3 | -29.8% |
| Total | 181 | 209 | 24.4 | 238 | 9.6% |
Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to Nigeria in 2022:
- South Africa (11.8K units)
- Turkey (7.4K units)
- Italy (3.9K units)
- United Arab Emirates (2.6K units)
- China (1.2K units)
- Germany (0.9K units)
- India (0.2K units)
Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria
In 2022, shipments abroad of non-electric iron or steel central heating radiators other than of cast iron decreased by -10% to 9 units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by 84% against the previous year. As a result, the exports attained the peak of 3.2K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron surged to $27 in 2022. Overall, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 359%. As a result, the exports attained the peak of $6.4K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1.4 | N/A | N/A | N/A | 0% |
| Cote d'Ivoire | N/A | 6.4 | N/A | N/A | 0% |
| Niger | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 6.4 | N/A | N/A | 357.1% |
Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from Nigeria in 2022:
- Niger (9.0 units)
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